Meaning and Measurement of Economic Development

Economic Growth Economic growth means an increase in real GDP. This increase in real GDP means there is an increase in the value of national output / national expenditure. Economic growth is an important macro-economic objective because it enables increased living standards and helps create new jobs. Measurement of Economic Growth Economic growth is measured … Read more

JPSC Prelims Notes for Economic Concepts and Indian Economy

Basic Features of Indian Economy (I) National Income ; Elementary concepts of national Income and methods of its calculation e-g,GDP, GNP, NDP, NNP, CSDP. NSDP, DDP at constant and current prices, at factor cost etc; (II) Inflation : Concept control of inflation : monetary, fiscal and direct measures. (III)Demographic features : Work force composition, demographic … Read more

Indicators of development: HDI,India’s HDI progress

Human development is a process of enlarging people’s choices. The most critical ones are to lead a long and healthy life, to be educated and to enjoy a decent standard of living. Additional choices include political freedom, guaranteed human rights and self-respect.Human development has to be development of the people, by the people, for the … Read more

Gender Empowerment Measure (GEM)

Gender Empowerment Measure (GEM) seeks to measure relative female representation in economic and political power. It considers gender gaps in political representation, in professional and management positions in the economy, as well as gender gaps in incomes .GEM is a measure of inequalities between men’s and women’s opportunities in a country. It gives indicators to … Read more

WTO and agriculture

The World Trade Organization came into being in 1995 as the successor organization to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. It  is a multilateral framework (an agreement among governments) for conduct of international trade in goods and services and also for protection of intellectual … Read more

Demographic dividend with special reference to census of 2011

Demographic dividend occurs when the proportion of working people in the total population is high because this indicates that more people have the potential to be productive and contribute to growth of the economy.An increase in the working age ratio can raise the rate of economic growth, and hence confer a “demographic dividend.” People of … Read more

Comptroller & Auditor General of India (CAG)

The Comptroller and Auditor General (CAG) promotes accountability, transparency and good governance through high quality auditing and accounting.The Comptroller and auditor general (CAG) of India is empower to audit all expenses from the combine Fund of the union or state governments, whether incurred within India or outside. The Comptroller and Auditor General of India (CAG) … Read more

The Panchayats functions and responsibilities with special reference to 73rd and 74th Constitutional amendments

The 73rd and 74th Constitutional Amendment Acts, 1992, which gave Constitutional status to panchayati raj institutions (PRIs) and urban local bodies (ULBs) respectively, in both letter and spirit in order to bring about greater decentralisation and increase the involvement of the community in planning and implementing schemes and, thus, increase accountability. The Amendments left important … Read more